International health insurance is an insurance that provides global medical coverage. Healthcare treatments overseas can be expensive. Therefore, Investing in an international health insurance plan can shield you from high healthcare costs, ensuring you receive the best medical care.
It offers a complete health insurance package for all your overseas planned treatments.
What is International Health Insurance?
International health insurance provides global coverage and ensures you get top-notch treatment from the best healthcare facility anywhere around the globe. This health insurance plan for planned overseas treatment covers various planned treatments, such as heart surgeries.
Overseas health insurance goes beyond just covering your hospital bills. It also covers your accommodation and travel expenses, along with second opinions. In some cases, it even covers visa charges and documentation, allowing you to focus on your treatment.
Key Features of Foreign Health Insurance
Intl health insurance covers a range of treatments, including-
- Cancer Treatment
- Donor Organ Transplant
- Joint Replacement or Reconstruction (Hip, Knee and Shoulder)
- Neurosurgery
- Heart surgeries
- Bone Marrow Transplant
- Donor Organ Transplant
It also covers pre- and post-hospitalisation expenses, accommodation expenses, travel expenses, repatriation of mortal remains, and visa charges and documentation. This policy offers compensation if the insured suffers bodily injuries due to accidents resulting in disability or death.
With overseas health insurance, you also get tax benefits up to ₹1 lakh under section 80D. Additionally, several insurance providers offer discounts for purchasing long-term policies.
International Health Insurance: Exclusions
Some standard policy exclusions to this plan include:
- Maternity Expenses
- Adventure sports
- Unproven treatments
- Hormonal therapies
- Plastic surgery
- Change-of-gender treatments
Waiting Period in Overseas Health Insurance
There is a waiting period that comes along with an international health plan.
The initial waiting period can be around 90 days up to four years. However, the waiting period for specific treatments or procedures may extend up to 4 years. During this period, you cannot file claims against your health policy.
The details of the waiting period will be mentioned in your policy document; ensure you read it thoroughly.
What is The Claim Process for International Trip Health Insurance
Most insurance companies offer both reimbursement and cashless claims for international health insurance.
Reimbursement Claim
- Contact your insurance company when you want to register a claim.
- Share all your medical documents and bills with them through email or their website.
- Wait till the claim team verifies and checks all your documents.
- Once your claim is approved, you will get reimbursement for your medical bills.
Cashless Claim
- Contact your insurance company to opt for planned hospitalisation.
- Submit all relevant documents, including the consent form and final diagnosis paper, to avail of planned hospitalisation.
- Select the recommended network hospital. Your medical information will be shared with the selected hospital, and they will offer a detailed medical opinion that you can review.
- If you are satisfied with the medical opinion of a network hospital, you can choose them for your treatment.
- Your insurer will arrange travel, visa, accommodation and medical arrangements.
- Once your treatment is done, your insurer will settle the bills directly with the hospital.
To Wrap It Up
International health coverage is crucial for ensuring quality medical care services and maintaining well-being. The financial security and global coverage make it an important investment for individuals who want to get medical treatment outside the country.